After experiencing a massive 360% drop, RAREUSDT has nearly erased all of its previous gains, eventually hitting an interim low around the 0.12 mark. However, there are now signs of potential recovery on the technical front.
At present, the price has stopped hitting fresh lows and is stabilizing in a consolidation phase with reduced volatility. The market is drawing attention to the 0.136 resistance level, where several false breakouts have occurred. Despite these, there has been no significant downturn, with the price instead retesting the key resistance area repeatedly. This pattern increases the likelihood of a breakout and a potential rally towards the 0.158 - 0.17 range.
Key levels to watch include resistance at 0.136 and support at 0.1254, aligned with the 50-period moving average on the H4 chart. The price is firmly holding above the MA-50, and if it consolidates further in this zone, it could trigger a bullish scenario. Breakout confirmation would pave the way for upward targets, as outlined on the chart.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
At present, the price has stopped hitting fresh lows and is stabilizing in a consolidation phase with reduced volatility. The market is drawing attention to the 0.136 resistance level, where several false breakouts have occurred. Despite these, there has been no significant downturn, with the price instead retesting the key resistance area repeatedly. This pattern increases the likelihood of a breakout and a potential rally towards the 0.158 - 0.17 range.
Key levels to watch include resistance at 0.136 and support at 0.1254, aligned with the 50-period moving average on the H4 chart. The price is firmly holding above the MA-50, and if it consolidates further in this zone, it could trigger a bullish scenario. Breakout confirmation would pave the way for upward targets, as outlined on the chart.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
交易结束：到达目标
the price was as I expected.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。